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Oct 30, 2012
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superstorm sandy it dumping snow on the west virginia region. we have a few updates on o openings to report. the federal agencies in washington, d.c. are now open. employees are still being allowed to telecommute. as we've been reporting, the nyse and nasdaq listen open for trading tomorrow. we're just getting word from the imex that it will reopen tomorrow as well provided the city lifts e orders for zone "a." mayor bloomberg not giving a timeline for restoration due to considerable flooding and damage. early inspections reveal that the storm, quote, devastated the new jersey transit's operation and infrastructure. however, washington, d.c.'s mass transit system is restoring. boston's service has already been resumed. maria. >> what an unbelievable impact. thank you. parts of atlantic city, new jersey jersey, are still under water that the hour. kayla is here with that angle. over to you. >> well, maria, all is quiet in atlantic city as of right now despite being the bull's eye yesterday evening. the majority of shore county still remains evacu
superstorm sandy it dumping snow on the west virginia region. we have a few updates on o openings to report. the federal agencies in washington, d.c. are now open. employees are still being allowed to telecommute. as we've been reporting, the nyse and nasdaq listen open for trading tomorrow. we're just getting word from the imex that it will reopen tomorrow as well provided the city lifts e orders for zone "a." mayor bloomberg not giving a timeline for restoration due to considerable...
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Oct 30, 2012
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superstorm sandy causing billions in damages across the east coast today. but how much will it cost the government's disaster refund leaf fu -- relief fund, and is there enough to cover it? eamon javers is here with more. >> you can see a very swollen potomac river. you can see a lot of debris going down the river. we've seen entire trees floating by our position here. the potomac has stayed in its banks. over here, they have these massive 20-foot flood walls that were ready to roll in case the river breached its banks last night. so far, so good here. as for the federal government's response, we just had a conference call with fema. they have about $3.6 billion left in their disaster contingency fund. that's as of october 26th. they're also saying that president obama when he made that major disaster declaration for new jersey and for new york, he did that verbally. what that meant was they were able to cut through a lot of the red tape and move this process along and get the response going even before the disaster happened. they're also saying that fema i
superstorm sandy causing billions in damages across the east coast today. but how much will it cost the government's disaster refund leaf fu -- relief fund, and is there enough to cover it? eamon javers is here with more. >> you can see a very swollen potomac river. you can see a lot of debris going down the river. we've seen entire trees floating by our position here. the potomac has stayed in its banks. over here, they have these massive 20-foot flood walls that were ready to roll in...
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Oct 30, 2012
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meantime, superstorm sandy leaving millions without power. coming up next, exlon ceo christopher crane will give us the latest on efforts to restore power. lots of trades have been pent up while the market has been closed. we'll tell you which ones to watch for all throughout the show. keep it right here. much more "fast money" straight ahead. tdd#: 1-800-345-2550 this morning, i'm going to trade in hong kong. tdd#: 1-800-345-2550 after that, it's on to germany. tdd#: 1-800-345-2550 then tonight, i'm trading 9500 miles away in japan. tdd#: 1-800-345-2550 with the new global account from schwab, tdd#: 1-800-345-2550 i hunt down opportunities around the world tdd#: 1-800-345-2550 as if i'm right there. tdd#: 1-800-345-2550 and i'm in total control because i can trade tdd#: 1-800-345-2550 directly online in 12 markets in their local currencies. tdd#: 1-800-345-2550 i use their global research to get an edge. tdd#: 1-800-345-2550 their equity ratings show me how schwab tdd#: 1-800-345-2550 rates specific foreign stocks tdd#: 1-800-345-2550 based
meantime, superstorm sandy leaving millions without power. coming up next, exlon ceo christopher crane will give us the latest on efforts to restore power. lots of trades have been pent up while the market has been closed. we'll tell you which ones to watch for all throughout the show. keep it right here. much more "fast money" straight ahead. tdd#: 1-800-345-2550 this morning, i'm going to trade in hong kong. tdd#: 1-800-345-2550 after that, it's on to germany. tdd#: 1-800-345-2550...
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Nov 2, 2012
11/12
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superstorm sandy causing enormous gas lines for three days going. now the northeast is experiencing food shortages in some areas as well. look at these pictures. food and gas. if both of those are scarce, are bad things ahead? stay with us. e want to improve our schools... ... what should we invest in? maybe new buildings? what about updated equipment? they can help, but recent research shows... ... nothing transforms schools like investing in advanced teacher education. let's build a strong foundation. let's invest in our teachers so they can inspire our students. let's solve this. ♪ [ male announcer ] this is karen and jeremiah. they don't know it yet, but they're gonna fall in love, get married, have a couple of kids, [ children laughing ] move to the country, and live a long, happy life together where they almost never fight about money. [ dog barks ] because right after they get married, they'll find some retirement people who are paid on salary, not commission. they'll get straightforward guidance and be able to focus on other things, like e
superstorm sandy causing enormous gas lines for three days going. now the northeast is experiencing food shortages in some areas as well. look at these pictures. food and gas. if both of those are scarce, are bad things ahead? stay with us. e want to improve our schools... ... what should we invest in? maybe new buildings? what about updated equipment? they can help, but recent research shows... ... nothing transforms schools like investing in advanced teacher education. let's build a strong...
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Nov 2, 2012
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superstorm sandy causing billions in damages. now companies are warning the storm will wreak havoc on earnings. the ce e o from clorox is here exclusively. >>> plus, sandy causing gas lines reminiscent of the 1970s throughout the new york area. we've got the latest details on the crisis and how ugly it's getting out there. >>> and at least those lines are over something essential like gasoline. check out all the people waiting to get their hands on apple's new mini ipad. there'sing in small about this show today. that and more next. [ male anno] at scottrade, we believe the more you know, the better you trade. so we have ongoing webinars and interactive learning, plus, in-branch seminars at over 500 locations, where our dedicated support teams help you know more so your money can do more. [ rodger ] at scottrade, seven dollar trades are just the start. our teams have the information you want when you need it. it's another reason more investors are saying... [ all ] i'm with scottrade. >>> welcome back. clorox just one of the many
superstorm sandy causing billions in damages. now companies are warning the storm will wreak havoc on earnings. the ce e o from clorox is here exclusively. >>> plus, sandy causing gas lines reminiscent of the 1970s throughout the new york area. we've got the latest details on the crisis and how ugly it's getting out there. >>> and at least those lines are over something essential like gasoline. check out all the people waiting to get their hands on apple's new mini ipad....
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Oct 31, 2012
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. >> what will the cost of superstorm sandy be to the retailers. great to have you on the show today, mary. stores standing to benefit from potential reconstruction, to what extent is it short lived? it pulls demand forward. >> yes it does. what's going to happen here is that what we would have spent on some of our more discretionary items and fashion items are going to be pushed to more practical items like lumber but also home and garden supplies, things we didn't think about even two weeks ago. so they're going to push those forward and then we have to see after the cleanup what happens with the all important black friday weekend. >> absolutely, talking of all important i believe the first week in november, can account for some retailers revenue up through 20%, right? i would imagine there are a lot of people who can't get out there, as we talked a moment, can't get money from an atm, various difficulties. how much will be lost of that really important week? >> quite honestly if the individuals who are at the heads of government can't say today,
. >> what will the cost of superstorm sandy be to the retailers. great to have you on the show today, mary. stores standing to benefit from potential reconstruction, to what extent is it short lived? it pulls demand forward. >> yes it does. what's going to happen here is that what we would have spent on some of our more discretionary items and fashion items are going to be pushed to more practical items like lumber but also home and garden supplies, things we didn't think about even...
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Nov 2, 2012
11/12
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superstorm sandy still disrupting power, traffic and public transit in the northeast. our courtney reagan joins us with an update on the situation and courtney, seems to be changing on an hour by hour basis. >> that's exactly right. we'll continue to get the updates and the numbers will change. we're starting to see the number of people without power come down in a big way, but as of this morning, there are still 3.5 million customers in the dark. it's going to get particularly tough for those folks this weekend with cold weather forecast to move into the northeast. new jersey remains the hardest hit state accounting for more than 1.5 million of the outages. as gas stations come back online pressure at the pump should start to ease. the drivers are still battling two-hour linds lines. con edison says most manhattan residents will have power restored saturday. commuters can expect more traffic jams as hov restrictions in place. the holland tunnel is open at this hour but only to buses. the mta is getting more subway service up and running today and the northeast corrido
superstorm sandy still disrupting power, traffic and public transit in the northeast. our courtney reagan joins us with an update on the situation and courtney, seems to be changing on an hour by hour basis. >> that's exactly right. we'll continue to get the updates and the numbers will change. we're starting to see the number of people without power come down in a big way, but as of this morning, there are still 3.5 million customers in the dark. it's going to get particularly tough for...
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Oct 31, 2012
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ceo aaron jackfeld weighs in on the blowout quarter and how superstorm sandy is affecting his business and new hyde park, new york, brian is standing by. >> melissa, as far as you can see, we have a gas line down this street. as the day has worn on, the gas line has gotten longer and the patience has worn thinner. coming up on fast money, we'll talk about what's behind a gas crunch in long island and new jersey. >>> it's from a different perspective. it's about moving the odds in your favor. it's what drives the value of the show. >> i am john that jerian. i am fast money. if we want to improve our schools... ... what should we invest in? maybe new buildings? what about updated equipment? they can help, but recent research shows... ... nothing transforms schools like investing in advanced teacher education. let's build a strong foundation. let's invest in our teachers so they can inspire our students. let's solve this. ♪ welcome to the world leader in derivatives. welcome to superderivatives. >>> fast money, i'm bertha coombs with the market stock. netflix soaring today triggering af
ceo aaron jackfeld weighs in on the blowout quarter and how superstorm sandy is affecting his business and new hyde park, new york, brian is standing by. >> melissa, as far as you can see, we have a gas line down this street. as the day has worn on, the gas line has gotten longer and the patience has worn thinner. coming up on fast money, we'll talk about what's behind a gas crunch in long island and new jersey. >>> it's from a different perspective. it's about moving the odds in...
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Nov 1, 2012
11/12
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we should note these results do not include the effects of superstorm sandy. joining me now to talk about that is aig president and ceo bob benmosche. we appreciate you joining us today. >> my pleasure, maria. >> so let's first talk about the earnings results. take us behind the numbers. how would you characterize business? >> i think it's another strong quarter for aig. we've had, you know, several in a row now. all of our businesses are profitable, all contributing strong to the earnings. so we're very pleased with the results, and the fact is as i've said before, the crisis is over. the company's fundamentally very strong. very strong liquidity position and capital position for the company. we're continuing to grow into the future. >> what's your expectation for the next quarter, bob? what will drive business? >> next quarter will be more of what you saw in this quarter. a continued -- we had some minor issues that were with brought up in this quarter where accounting areas were brought up from the past. i don't think those will reoccur. we're going to have
we should note these results do not include the effects of superstorm sandy. joining me now to talk about that is aig president and ceo bob benmosche. we appreciate you joining us today. >> my pleasure, maria. >> so let's first talk about the earnings results. take us behind the numbers. how would you characterize business? >> i think it's another strong quarter for aig. we've had, you know, several in a row now. all of our businesses are profitable, all contributing strong to...
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Nov 1, 2012
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we talk jobs report and superstorm sandy with donald trump straight ahead. >>> and maria means business. two major market movers, two exclusive interviews. starbucks ceo howard schultz and aig chief robert talk earnings and sandy's effect on their bottom lines. that's all ahead on the "closing bell." >>> welcome back. market up 130 points. let's get to bertha coombs. >> a lot of folks have worried about green mountain coffee with starbucks introducing the k-cup system. well, green mountain is going to be the official producer of costco's k-cups, which do sell most likely for a lot less than some of the other brand numbers. they got a six-week high off that news. still having a good day, nonetheless. back to you. >> all right, bertha. thank you so much. big rally headed into the close here. about 45 minutes left. let's take a look at where we stand with a market that's up in the triple digits. volume on a light -- well, it's mediocre right now, bill. i was surprised at volume yesterday headed into the close. things definitely picked up at the end of the day. >> as you would imagine at th
we talk jobs report and superstorm sandy with donald trump straight ahead. >>> and maria means business. two major market movers, two exclusive interviews. starbucks ceo howard schultz and aig chief robert talk earnings and sandy's effect on their bottom lines. that's all ahead on the "closing bell." >>> welcome back. market up 130 points. let's get to bertha coombs. >> a lot of folks have worried about green mountain coffee with starbucks introducing the k-cup...
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Oct 30, 2012
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. >>> let's get an update on the damage from the superstorm sandy. brian shactman joins us from montauk with more. >> reporter: it's a study of contrasts on montauk. to my left it is gorgeous when the sun peeks through and to the shore there's a hen-foot drop to my left and there was no ten-foot drop yesterday and there's an incredible amount of beach damage. you can see the whole beachfront is destroyed. that was a bar and grill that has never seen damage like that. it is absolutely gone and you walk all the way up the shoreline and you see the same thing. they do think on the north shore, believe it or not, there's more damage because of the storm surge onisland sound. i talked to bill wilkinson the town supervisor, a retired disney executive who decided to run east hampton and he said the local fishermen told him they have never in their whole lives seen as much water come in as came in yesterday, so it's a big contrast. we have a beautiful ocean, a destroyed coastline on the south shore. on the north shore they're trying to assess the water damag
. >>> let's get an update on the damage from the superstorm sandy. brian shactman joins us from montauk with more. >> reporter: it's a study of contrasts on montauk. to my left it is gorgeous when the sun peeks through and to the shore there's a hen-foot drop to my left and there was no ten-foot drop yesterday and there's an incredible amount of beach damage. you can see the whole beachfront is destroyed. that was a bar and grill that has never seen damage like that. it is...
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Oct 31, 2012
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but how will the superstorm impact the election? does this natural disaster give either party the damage? that's next on "squawk box." [ male announcer ] you are a business pro. monarch of marketing analysis. with the ability to improve roi through seo all by cob. and you...rent from national. because only national lets you choose any car in the aisle... and go. you can even take a full-size or above, and still pay the mid-size price. i'm going b-i-g. [ male announcer ] good choice business pro. good choice. go national. go like a pro. >>> welcome back, everybody. the u.s. equities futures are predicted higher ahead of a normal resumption of trading. you see the futures are up about a half a percent. s&p futures are even stronger up by .7 of a percent. nasdaq futures up by about half a percent as well. we're trying to figure out what is next for the region that is dealing with cleanup. let's get the forecast from maria la rosa. >> we still have a big area of influence. what you're not seeing is heavy showers and thunderstorms. still
but how will the superstorm impact the election? does this natural disaster give either party the damage? that's next on "squawk box." [ male announcer ] you are a business pro. monarch of marketing analysis. with the ability to improve roi through seo all by cob. and you...rent from national. because only national lets you choose any car in the aisle... and go. you can even take a full-size or above, and still pay the mid-size price. i'm going b-i-g. [ male announcer ] good choice...
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Oct 31, 2012
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and is sandy a case for big government? why some are using the superstorm to say big government really is better. we separate the fact from fiction of that argument. that's all ahead on this special edition of "the closing bell." customer erin swenson bought from us online today. so, i'm happy. sales go up... i'm happy. it went out today... i'm happy. what if she's not home? (together) she won't be happy. use ups! she can get a text alert, reroute... even reschedule her package. it's ups my choice. are you happy? i'm happy. i'm happy. i'm happy. i'm happy. i'm happy. happy. happy. happy. happy. (together) happy. i love logistics. >>> all right, getting back to breaking news on netflix, herb greenberg is on the story. >> netflix shares up about 17% right now, they've been flying and just the recent 10, 15, 20 minutes news hit carl icon taken a 9.9% stake in the company. icahn has been buying the shares since early september and he's identified netflix because he believes it's undervalued in its dominant position and internat
and is sandy a case for big government? why some are using the superstorm to say big government really is better. we separate the fact from fiction of that argument. that's all ahead on this special edition of "the closing bell." customer erin swenson bought from us online today. so, i'm happy. sales go up... i'm happy. it went out today... i'm happy. what if she's not home? (together) she won't be happy. use ups! she can get a text alert, reroute... even reschedule her package. it's...
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Oct 31, 2012
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first opportunity to trade the management shake-up. >>> and filling up at the pump, different around sandy's hardest-hit areas. we're looking at the energy trade as the east coast refineries getting up and running. we'll see you in about 15 minutes or so. >> thank you, scott. >>> governor christie is postponing halloween because of the hurricane sandy. he has put off celebrations under monday, november 5th because of unsafe conditions due to the storm. you've got to feel for all the kids in jersey. gary, a lot of people going through hardship. >> the children out by where i am, halloween is the last thing on their mind. getting electricity would be the best trite. >> and that's for homes that -- important to note. >>> the first flight into the newark liberty airport was a fedex plane, landed at 7:12 a.m. fedex is expecting to resume flights today. paul tronsore leads the control center, is in memphis this morning. thank you for taking some time. good to talk with you. >> glad to be here, carl. >> so obviously with airlines, it's about what's in position, what's out of position. you have this
first opportunity to trade the management shake-up. >>> and filling up at the pump, different around sandy's hardest-hit areas. we're looking at the energy trade as the east coast refineries getting up and running. we'll see you in about 15 minutes or so. >> thank you, scott. >>> governor christie is postponing halloween because of the hurricane sandy. he has put off celebrations under monday, november 5th because of unsafe conditions due to the storm. you've got to feel...